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Shows & Panels
Search Tags: Federal Retirement Thrift Investment Board
The Federal Retirement Thrift Investment Board conducted a survey to find out why so many former feds are withdrawing all the money from their Thrift Savings Plan accounts so soon after retirement.
A new menu of services is under consideration for participants in the Thrift Savings Plan. The TSP now has the results from a survey (and focus groups) to help them understand why people who leave government take all their money out of their accounts. Kim Weaver is director of external affairs for the Federal Retirement Thrift Investment Board. On In Depth with Francis Rose, she explained who the TSP surveyed and why they asked.
The biggest number ever for federal employees saving for the future is in. More than ever are saving in the Thrift Savings Plan. Kim Weaver is Director of External Affairs the Federal Retirement Thrift Investment Board. On In Depth with Francis Rose, she said the results make the people who run the TSP really happy.
At its monthly board meeting Thursday in Washington, the Federal Retirement Thrift Investment Board (FRTIB) announced that 87.5 percent of FERS employees are actively contributing to their TSP accounts. The percentage just surpasses the previous record high of 87.4 percent in January 2003. Although participation is increasing, a lower percentage of participants are contributing full match to their TSP accounts.
The Thrift Savings Plan Board is checking up on the quality of the information you get when you call and ask the TSP for help. The July board meeting wasn't in Washington like it usually is; the board took a field trip this month. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, tells In Depth with Francis Rose the field trip was a learning experience.
Your new employees start in the Thrift Savings Plan automatically now and they contribute to an account that's invested in the G Fund. But that may change soon. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. She said on In Depth with Francis Rose the Senate Homeland Security and Governmental Affairs Committee is ready to look at legislation that will start off new federal employees with a different investing strategy.
The results are in from a customer service survey of Thrift Savings Plan account holders. And the verdict is one that most organizations would kill to have. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, tells In Depth with Francis Rose why they did the survey in the first place.
The FRTIB awarded Science Applications International Corporation (SAIC) a five-year, $224.5 million contract. SAIC beat out several competitors including incumbent Serco.
All Thrift Savings Plan funds continued to perform well in April. While only two funds reported higher return rates for the month compared to March, all funds posted positive returns.
While auto enrollment for new hires has increased participation in the Thrift Savings Plan over the last few years, a recent report suggests many of them are staying in the super-safe G Fund — instead of reallocating money into other funds.